701 NE 13th Ct
- 12-unit multifamily asset in a high-demand Fort Lauderdale submarket
- Diverse unit mix: studios, 1BR/1.5BA, and 2BR/2BA units
- Desirable courtyard-style layout with shared green space
- Located near Downtown Fort Lauderdale, Flagler Village, and Wilton Manors
Property Description
Native Realty is pleased to present a 12-unit multifamily investment opportunity located at 701 NE 13th Court in Fort Lauderdale. The property consists of a well-maintained, two-story garden-style apartment building totaling approximately 8,275 square feet, situated on a 14,688 square foot lot. The asset features a diverse unit mix including one studio/1-bath unit, one studio/1.5-bath unit, eight 1-bedroom/1.5-bath units, and two 2-bedroom/2-bath units. Many units have been updated with modern finishes including tile flooring, refreshed kitchens, and renovated bathrooms, offering an attractive living environment for tenants and reducing near-term capital expenditure needs. The property is centered around a landscaped courtyard, creating a desirable community-style setting with shared outdoor space. On-site parking is available, and the layout provides efficient access to all units, supporting strong tenant retention. Zoned CB (Community Business), the property offers flexibility for future redevelopment or alternative uses, enhancing long-term upside potential. Investors benefit from stable in-place income with the opportunity to further increase rents through continued interior upgrades and operational efficiencies. Strategically located just north of Downtown Fort Lauderdale and in close proximity to Flagler Village, Wilton Manors, and major transportation corridors, the property is positioned within a high-demand rental market supported by ongoing development and population growth. This offering presents an opportunity to acquire a stabilized, value-add multifamily asset in one of Fort Lauderdale’s most active and evolving submarkets.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $2,508,000 |
| No. of Units: | 12 |
| Year Built: | 1969 |
| Lot Size: | 0.34 Acres |
| Opportunity Zone: | No |
| Price per unit: | $209,000 |
| Property Website | Click Here |
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